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Ajmera Realty & Infra India Ltd

AJMERA

Ajmera Realty & Infra India Ltd

AJMERA
Real EstateReal Estate
SmallcapWith a market cap of ₹4,276 cr, stock is ranked 843
High RiskStock is 3.88x as volatile as Nifty
1,136.500.46% (+5.20)
1,136.500.46% (+5.20)

Price Chart

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1D
1W
1M
1Y
5Y
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SIP
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1D
1W
1M
1Y
5Y
Max
SIP
Real EstateReal Estate
SmallcapWith a market cap of ₹4,276 cr, stock is ranked 843
High RiskStock is 3.88x as volatile as Nifty
Scorecard

Performance

High

The creamy layer - amongst the top performing stocks

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Real EstateReal Estate
SmallcapWith a market cap of ₹4,276 cr, stock is ranked 843
High RiskStock is 3.88x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
33.934.300.33%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
67.784.510.66%

Forecast & Ratings

Detailed Forecast 
—
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ajmera Realty & Infra India Limited is engaged in real estate activities. The Company's segments include Construction and Renewable Energy.

Investor Presentation

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Oct 28, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 12.04%, vs industry avg of 3.72%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.59% to 0.78%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 6.45%, vs industry avg of 14.39%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue325.14291.96386.83401.01350.61351.79489.11440.63707.83842.94
Raw Materialssubtract0.000.000.000.000.000.000.000.000.00581.29
Power & Fuel Costsubtract0.001.902.802.742.842.152.830.000.00
Employee Costsubtract0.0018.5628.4425.6826.7025.5727.8217.9241.14
Selling & Administrative Expensessubtract59.2439.7821.5337.8444.3048.8557.9459.26112.57
Operating & Other expensessubtract173.84110.27178.51188.13166.09174.73277.93229.49345.07
Depreciation/Amortizationsubtract2.431.962.752.412.171.781.681.501.712.49
Interest & Other Itemssubtract31.0036.2846.3250.2765.8557.7159.1836.2768.5389.31
Taxes & Other Itemssubtract16.2318.0424.2018.729.9610.8216.3424.6935.9743.82
EPS11.9518.3723.1921.209.228.5112.7920.1528.9835.52
DPS2.503.003.303.301.401.402.253.004.004.00
Payout ratio0.210.160.140.160.150.160.180.150.140.11

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 19PDF
Feb 8PDF
Nov 12PDF
Aug 2PDF
FY 2023

Annual report

PDF

Investor Presentation

May 11PDF
Jan 30PDF
Nov 10PDF
Aug 8PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 25PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
Real EstateReal Estate

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ajmera Realty & Infra India Ltd41.584.300.33%
DLF Ltd76.975.320.59%
Macrotech Developers Ltd88.227.790.16%
Godrej Properties Ltd120.448.48—

Price Comparison

Compare AJMERA with any stock or ETF
Compare AJMERA with any stock or ETF
AJMERA
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 5.97%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Decreased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has decreased by 1.19%

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding68.23%0.00%1.76%0.90%29.10%

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Shareholding History

SepDec '23MarJunSepNov0.00%0.00%0.00%0.00%0.00%0.00%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

AJMERA has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.33%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.32 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 2, 2024

Final
Final | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Aug 2, 2024

Cash Dividend

Ex DateEx DateAug 4, 2023

Final
Final | Div/Share: ₹3.00

Dividend/Share

₹3.00

Ex DateEx Date

Aug 4, 2023

Cash Dividend

Ex DateEx DateAug 11, 2022

Final
Final | Div/Share: ₹2.25

Dividend/Share

₹2.25

Ex DateEx Date

Aug 11, 2022

Cash Dividend

Ex DateEx DateSep 8, 2021

Final
Final | Div/Share: ₹1.40

Dividend/Share

₹1.40

Ex DateEx Date

Sep 8, 2021

Cash Dividend

Ex DateEx DateSep 24, 2020

Final
Final | Div/Share: ₹1.40

Dividend/Share

₹1.40

Ex DateEx Date

Sep 24, 2020

News & Opinions
Spotlight
Ajmera Realty repays Rs 100 cr of corporate debt

The repayment is facilitated from the funds raised through the recent equity offering of Rs 225 crore. The debt reduction ahead of its scheduled due date is expected to help the company post better returns on grounds of lower interest payments on existing debt. Outstanding debt has been reduced from Rs 793 crore (as per 2QFY25) to Rs 693 crore. The company has been efficiently managing and improving its debt profile with sustained positive momentum and this development comes as a significant boost towards debt reduction. Along with this, ARIIL plans to use the equity funds to accelerate its momentum for project launches, and to further strengthen its corporate functionalities. The holistic growth trajectory and year-on-year debtequity ratio performance reflect the buoyancy and bullish approach of the company towards attaining the ambitious 5x growth. Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, 'This is a strategic move towards de-leveraging, and we are glad to reduce our corporate debt significantly. This exercise will help ease our debt-equity ratio and reinforce the management's commitment to higher growth and wealth creation for its stakeholders. As a company, we are dedicated towards our commitment to attaining 5x growth, and this move is a significant contributor towards that goal.' Ajmera Realty & Infra India (ARIIL) is a real estate developer that is focused on premium developments in luxury and mid-luxury projects in the residential segment. Ajmera Realty & Infra India surged 6.50% to Rs 883.55 after the company reported 58% jump in consolidated net profit to Rs 36.3 crore on a 38% increase in total revenue to Rs 204.1 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.86% to Rs 1,056.15 on the BSE. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Ajmera Realty soars after strong Q2 performance

EBITDA improved by 62% YoY to Rs 64.6 crore during the period under review. EBITDA margin was 32% in Q2 FY25 as against 27% in Q2 FY24. Finance costs increased by 69% to Rs 17.5 crore in Q2 FY25 from Rs 10.4 crore in Q2 FY24. Profit before tax in Q2 FY25 stood at Rs 46.5 crore, up by 59% from Rs 29.3 crore posted in Q2 FY24. The company's sales volume for the second quarter was 1,14,046 square feet, down 6% YoY. Sales value and collections were Rs 254 crore (up 1% YoY) and Rs 133 crore (up 20% YoY), respectively. The company has on boarded marquee investors in its equity raise of Rs 225 crore on preferential allotment basis and successfully closed its maiden private equity deal with domestic institutional investor. Dhaval Ajmera, director ' Ajmera Realty & Infra India, said: 'The company remains steadfast on its growth trajectory, delivering impressive results that reflect our strategic initiatives. We are happy to increase the equity through preferential allotment which is testimony of the growth potential of the company from the investors who are strategically aligned with our objectives. A robust pipeline comprising seven projects with a gross development value of Rs 4,270 crore is set to launch, positioning the second half of FY25 for significant optimism and value creation. These developments collectively enhance the company's prospects and stakeholder value.' Ajmera Realty & Infra India (ARIIL) is a real estate developer that is focused on premium developments in luxury and mid-luxury projects in the residential segment. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Ajmera Realty & Infra India consolidated net profit rises 56.90% in the September 2024 quarter

Net profit of Ajmera Realty & Infra India rose 56.90% to Rs 35.35 crore in the quarter ended September 2024 as against Rs 22.53 crore during the previous quarter ended September 2023. Sales rose 37.58% to Rs 199.96 crore in the quarter ended September 2024 as against Rs 145.34 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales199.96145.34 38 OPM %30.2125.95 - PBDT47.0429.58 59 PBT46.5329.27 59 NP35.3522.53 57 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ajmera Realty & Infra India announces board meeting date

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ajmera Realty & Infra India to convene EGM

Ajmera Realty & Infra India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 14 November 2024 .Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ajmera Realty & Infra India to conduct board meeting

Ajmera Realty & Infra India will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Nifty scales above 25,100; RBI maintains repo rate at 6.5%; changes stance to neutral

The domestic equity benchmarks traded with modest gains in morning trade as RBI kept interest rate unchanged. The Nifty traded above the 25,100 level. Realty shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex rose 307.11 points or 0.38% to 81,941.92. The Nifty 50 index added 102.80 points or 0.41% to 25,115.95 The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 1.16% and the S&P BSE Small-Cap index jumped 1.48%. The market breadth was strong. On the BSE, 2,834 shares rose and 744 shares fell. A total of 139 shares were unchanged. RBI Policy Outcome: Reserve Bank of India (RBI) Governor Shaktikanta Das announced that the Monetary Policy Committee (MPC) has decided to keep interest rates unchanged, aligning with market expectations, while shifting its policy stance from withdrawal of accommodation to neutral. The MPC voted by a 5:1 majority to maintain the policy repo rate at 6.5%. The RBI also retained its GDP growth target for FY25 at 7.2%. However, Consumer Price Index (CPI) inflation for September is expected to rise significantly due to unfavorable base effects and increasing food prices, according to the governor. Buzzing Index: The Nifty Realty index gained 2.46% to 1,055.30. The index rallied 3.44% in two consecutive trading sessions. Phoenix Mills (up 4.55%), Macrotech Developers (up 3.59%), Mahindra Lifespace Developers (up 2.29%), Prestige Estates Projects (up 1.68%), Oberoi Realty (up 1.63%), Brigade Enterprises (up 1.4%), DLF (up 0.65%), Godrej Properties (up 0.11%) advanced. Stocks in Spotlight: Ajmera Realty & Infra India rallied 3.06% after the company reported collections of Rs 133 crore in Q2 FY25, up by 20% from Rs 111 crore recorded in Q2 FY24. IRB Infrastructure Developers advanced 1.97% after the company's toll collection jumped 19% to Rs 502 crore in September 2024 as against Rs 421 crore posted in September 2023. Indian Railway Finance Corporation (IRFC) gained 1.55% after its board has approved financing up to Rs 700 crore under finance lease for 20 BOBR rakes procured under the General-Purpose Wagon Investment Scheme (GPWIS) of the Ministry of Railways for NTPC. The Board also appointed Ajoy Choudhury as Chief Risk Officer for a fixed tenure of two years. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Ajmera Realty gains after collections rise by 20% YoY in Q2 FY25

As compared with Q1 FY25, however, the collections are lower by 20%. The company has sold a total carpet area of 1,14,046 square feet, down 6% YoY and down 13% YoY. This translated to a sales value of Rs 254 crore, up 1% YoY but down 17% QoQ. Dhaval Ajmera, director, Ajmera Realty & Infra India, said: In Q2 FY25, we have achieved a stable performance with sales contributions coming from across our diverse portfolio. Ajmera Vihara, launched last quarter is already 49% sold, showcasing our ability to meet market expectations effectively. Ajmera Manhattan and Ajmera Prive sustenance sales achieved about 24% each in the quarter out of its available inventory. Along with this, the first phase of Ajmera Greenfinity is fully sold out. Our strategy to sale preleased units at Ajmera Nucleus, commercial project in Bengaluru achieved about 29% sales in the quarter out of its available inventory. On the strength of sales from the existing projects with several launches scheduled in the second half of FY25 during the festive season, we are confident in achieving our annual guidance and progressing towards our ambitious growth strategy. The positive sector outlook, supported by favorable regulations aimed at enhancing transparency and accountability, favors established players like us. Ajmera Realty & Infra India has a PAN India presence along with an international presence. The company is focused on premium developments in luxury and mid-luxury projects in the residential segment. The company has a huge development potential available on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala and Central Mumbai. The company's consolidated net profit jumped 51.83% to Rs 32.75 crore during the quarter as compared with Rs 21.57 crore posted in sane quarter last year. Revenue from operations increased to Rs 193.75 crore in Q1 FY25 as compared with Rs 116.05 crore in Q1 FY24, registering the growth of 66.94%. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Ajmera Realty gains after Q1 PAT rises 52% YoY to Rs 33 cr in FY25

Revenue from operations increased to Rs 193.75 crore in Q1 FY25 as compared with Rs 116.05 crore in Q1 FY24, registering the growth of 66.94%. Profit before tax (PBT) jumped 47.31% YoY to Rs 42.94 crore in Q1 FY25. During the quarter, EBITDA stood at Rs 67 crore, up 72% as compared with Rs 39 crore in Q1 FY24. EBITDA margin expanded by 110 bps to 34% in Q1 FY25 as against 32.9% in Q1 FY24. During the quarter, sales volume declined 3% to 1,30,801 square foot (Sq.ft) while sales value jumped 36% YoY to Rs 306 crore and collections stood at Rs 165 crore, up 49% YoY. Dhaval Ajmera, director, Ajmera Realty & Infra India, said, 'In Q1 FY25, Ajmera Realty continued its robust growth momentum with a stellar performance across all financial metrics, driven by strong sales growth and excellent collection efficiencies across all projects. This growth trajectory is a testament to the company's coveted launch pipeline and paves the way further towards our fullyear guidance. Given the powerful tailwinds fanning buoyancy in demand across the sector, along with favorable government policies boosting domestic sales and inclination from NRIs and overseas institutional investors, the industry is witnessing an active growth fuelled by end-users driven demand. We are banking on this opportunity and look forward to leveraging this to drive high-octane growth for the company. With an estimated Gross Development Value (GDV) of about Rs 4,270 crore spread across 7 projects, we are bullish about achieving our goals and look forward to a promising year ahead.' Ajmera Realty & Infra India has a PAN India presence along with an international presence. The company is focused on premium developments in luxury and mid-luxury projects in the residential segment. The company has a huge development potential available on its balance land parcel at Ajmera I-Land, Bhakti Park, Wadala and Central Mumbai.Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Ajmera Realty & Infra India consolidated net profit rises 49.17% in the June 2024 quarter

Net profit of Ajmera Realty & Infra India rose 49.17% to Rs 31.43 crore in the quarter ended June 2024 as against Rs 21.07 crore during the previous quarter ended June 2023. Sales rose 66.94% to Rs 193.73 crore in the quarter ended June 2024 as against Rs 116.05 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales193.73116.05 67 OPM %33.2032.06 - PBDT43.8129.45 49 PBT42.9429.15 47 NP31.4321.07 49 Powered by Capital Market - Live

4 months agoCapital Market - Live